Ron Fredette

The other day I took on a listing presentation for a home. Listing presentations are always interesting because as a Real Estate professional I must convey the best value of the home in order to get the house to sell. Meeting with the client I had prepared a Pricing Strategy to list their home on the market for buyers to see. For those that may not know a Pricing strategy has many layers in order to reveal the value of a home. My first item to determine value is to explain the value of other home's in the area. After having explored inside and outside the home I take it's originality compared to those other homes in the area. This seems very simplistic, but I don't want to get too far into the other variables involved in Pricing Strategy. After this is done my client is always given their opportunity to inquire about their home's value. At the end of the presentation we both agreed on a value that would work. This seller was motivated to move I have to say. The value of the home took some debating to get to an area we would agree represents the home best. I knew we would get some offers, but would they be close or way off was my question. But, because the seller was motivated our Price that we determined brought in offers and drove the price over its original value. Isn't that great? The market actually brought the price up and over what we were asking because we developed a value that was so competitive it drove the price over what the seller would take originally. Any Questions about selling presentations? Any questions about Pricing Strategy that I brushed over here?

Recently working with a client who was searching for their first multi-family home purchase we developed an interesting situation. We found a property with the potential of being a multi-family home. The seller could only state by law that their home was a single family home with an in-law because the deed didn't show the correct information. Thus, if the buyer wanted to take on the responsibility of the home they would have to get a COC from the town zoning board in order to get the home placed into the category of a multi-family home. The seller was not willing to make the arrangements so the buyer would assume all risk if the house did not get necessary approval in the form of a COC, which I informed my client of so they could make the best decision possible. The value of the investment now is at risk for the buyer. The home is in residential zoning of course and is surrounded by many other multi-family homes so the risk would be worth taking by my account. Interesting development I will update later how it went, but what would you do as the buyer? Better yet how would you advise the buyer if you were their agent?

The Stimulus Plan was signed into law by President Obama yesterday. It contains a new tax credit for first-time homebuyers. Essentially, first-time homebuyers within certain income limits who purchase a home in 2009 before December 1, 2009 will receive a tax credit of up to $8,000. The program is similar to the $7,500 tax credit which applied to home purchases made in 2008 after April 9.

While the Stimulus Plan was still being debated, the Senate version originally included a $15,000 tax credit for all homebuyers. To lower the cost of the Stimulus Plan, the final version of the Plan contained this smaller tax credit, and this tax credit is applicable only to first-time homebuyers.

To qualify as a first-time home buyer as defined in the programs, the purchaser (and the purchaser's spouse) may not have owned a home in the three years prior to the purchase date of the home. The home must be their primary residence.

Both tax credits are subject to the same adjusted gross income limitations (full credit for Adjusted Gross Income less than $75,000 single/$150,000 joint).

The amount for the tax credit is the lesser of 10% of the home purchase price or $8,000.

While a purchaser still owns the home, the old $7,500 credit must be repaid in equal payments over a period of 15 years, starting with the 2010 tax filing. The new $8,000 credit will not need to be repaid. Again, the old $7,500 credit needs to be repaid, while the new $8,000 credit does not!Upon sale of the home, any portion of the $7,500 credit not yet repaid is due in full. No portion of the $8,000 credit is due upon sale of the home, if the home is owned for more than three years. If the home is sold within the first three years, the full amount of the credit is due upon sale.

The $7,500 credit was not available to any purchaser utilizing state/local revenue bond money to help finance the home purchase (New Hampshire Housing Grant money). There is no such restriction on the $8,000 credit.

Under both the $7,500 and the $8,000 programs, the credit will be claimed on the purchaser's income taxes. Any amount in excess of taxes owed will be refunded to the purchaser.

Additional information about the tax credit can be found on the websites of the National Association of Realtors (www.realtor.org) and the National Association of Home Builders (www.nahb.org).

Laconia New Hampshire, the gateway to Lake Winnipesaukee. Just an hour's drive from Manchester, NH, 2 from Boston. 1st settled by native inhabitants along the "Great Lake" now know as the Weirs Beach! As time passed Laconia was transformed from a small trading post into a manufacturing textile center for the area. Now as a small city Laconia offers a fun vacation lifestyle with great year-round living.

The county courthouse, regional railroads and trading routes were established enhancing the development of this town into a small NH city. Laconia, a great place to live & vacation

This great small city is nestled among the beautiful lakes of Lake Opechee, Lake Winnipesaukee and Lake Winnisquam. Laconia is now known for it's recreational fun and fare with a wonderful downtown area, great restaurants and fantastic tax-free shopping. With the Manchester - Boston Regional Airport just an hours drive away access to Laconia is enjoyed by many who desire a fun vacation lifestyle that has an unmatched distinction.

Bedford, NH

Bedford New Hampshire is located in the southern part of the state, just outside of Manchester, NH, giving it the benefit of great access and country living at its best. First settled in 1739, Bedford has the distinction of being the home to former Governors of New Hampshire. Early settlers were immigrants from Ireland, working the land, the result of a grant for retired soldiers. As time proceeded the community grew with citizens constructing homes stores and magnificent churches, some which still stand.

Bedford, New Hampshire real estate is the epitome of New England charm and culture. With its graceful homesteads, most notably The Bedford Village Inn, the town has been transformed. Former farmland has been redeveloped into beautiful large neighborhood homes. Generally rural in character, Bedford offers the lifestyle one hopes for when moving to New Hampshire. With easy highway access to commute to Boston, Massachusetts and the New Hampshire cities of Nashua, Concord and Manchester, makes Bedford the first choice of many. Being a border town to Manchester, Bedford enjoys stable employment and economic stability. It's just an hour or less to ski at the White Mountains of NH, the sandy beaches of Atlantic Ocean, and the cultural events of Boston Massachusetts. Additionally the Manchester - Boston Regional Airport is a 10 minutes away creating direct access to major U.S. cities.

Bedford is also known for it's great schools placing a priority towards higher education. Great colleges are just a stone throw away. Bedford also features a prominent recreational facility of 70 acres that features a park, ball fields and ski trails.

People choose Bedford because of the lifestyle one can experience by living there. The town features many fine homes, small shopping malls, attractive new developments and condos for new buyers and 55 plus buyers. Our real estate team has been finding homes for people wanting this distinct lifestyle for years - we've been working with developers to create the premier experience for those wanting to live in New Hampshire: downtown, in the suburbs or in the country. Bedford, New Hampshire really has it all, great schools, colleges, and tech schools and a lifestyle for all ages, all preferences.

Before we have you start looking at condo or home after home, we'll take the time to listen and to ask the right questions to determine what makes the most sense for you. We'll show you how to use our website tools to search for properties from the convenience of your computer, when and where you want to. We'll help you set up saved searches so you can receive instant emails when new properties come on the market. And when you are ready, we'll be there to assist and advise, granting you the very best service and savings you expect and deserve!

Bedford, New Hampshire...the town with convenience, style and choice...the place you have been searching for!